This property looks like a bad Long-Term investment with a projected -19.52% first-year return on $75,369 initial cash invested.
-19.52%
Cash On Cash
2.82%
Cap Rate
0.43
DSCR
$2,078
Rent
-$1,226
Cashflow
Cash Flow
$2,078 income − $3,304 expenses = $1,226 out of pocket
Investment Breakdown
|
Purchase Price
$359k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,369
Downpayment
20%
$71,780
Closing costs
1%
$3,589
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,078
Total Expenses
$3,304
Mortgage P&I
95%
$1,966
Property Taxes
23%
$480
Home Insurance
6%
$130
HOA
9%
$187
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0